Kids 'R' Kids vs Idea Lab Kids Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Kids 'R' Kids vs Idea Lab Kids including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Kids 'R' Kids Franchise
Idea Lab Kids Franchise
Investment $4,401,000 - $5,701,000$60,200 - $281,000
Franchise Fee $115,000$35,500
Royalty Fee 6%11%-9%
Advertising Fee 1%1%
Year Founded 19851990
Year Franchised 19882016
Term Of Agreement 25 years + 10-
Term Of Agreement 25 years + 10-
Renewal Fee --


Business Experience Requirements

 
Kids 'R' Kids Franchise
Idea Lab Kids Franchise
Experience

Interested candidates should have a minimum net worth of $750,000 and liquid assets of at least $300,000

Skills and abilities that we look for in a successful Idea Lab Kids® business owner. Are you genuinely interested in S.T.E.A.M? Do you understand the role S.T.E.A.M plays in today’s economy and society? Are you active in your community and hungry to make a positive impact in young minds? Are you self-directed, self-motivated and able to juggle through multiple priorities? Do you have a strong desire to learn, grow and have fun in the process?

Financing Options

 
Kids 'R' Kids Franchise
Idea Lab Kids Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/No-/Yes
Start-up Costs No/No-/Yes
Equipment No/No-/Yes
Inventory No/No-/Yes
Receivables No/No-/-
Payroll No/No-/-

Training & Support

 
Kids 'R' Kids Franchise
Idea Lab Kids Franchise
Training

Kids 'R' Kids Learning Academy's Operations and Support Team provides ongoing support for its franchisees and their businesses. Each franchised location has an assigned Operations Consultant to work directly with the franchise owner and act as the primary contact to assist with his or her needs. Thorough Training: Phase I - Business start-up training held at Support Center in Duluth, Georgia Phase II - Day-to-day Operations Training Class Phase III - Key Personnel training- Held on-site prior to opening

On-The-Job Training: 50 hours Classroom Training: 30 hours
Support

The Operations & Support team is committed to providing support within the following departments: marketing, curriculum and instruction, administration, as well as state and federal government relations.

Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform
Marketing -Initial marketing plan -Pre-opening through Grand opening -Local marketing plan to acquire and retain customers -Social Media and Digital marketing program -Website -Customized local content -Public Relations -Brand and Local PR Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
Operations -Our franchisee business partners will have the option of taking an active role in the business as the full-time General Manager or choose to hire a full-time Program Coordinator and serve as a consultant. Physical location is not required until 12-18 months in order to allow sufficient ramp up.

Expansion Plans

 
Kids 'R' Kids Franchise
Idea Lab Kids Franchise
US Expansion YesYes
Canada Expansion No-
International Expansion YesYes

Company Overviews

About Kids 'R' Kids

Headquartered in the North Atlanta suburb of Duluth, Ga., Kids 'R' Kids Learning Academies provide a secure, nurturing, and educational environment for children (ages six weeks - 12 years) to bloom into responsible, considerate, and contributing members of society. With nearly 160 learning academies in 16 states, Kids 'R' Kids International is a family-owned and operated organization that ranks in the top three nationwide for franchised early childhood education centers. :
Expansion Plans
In 2016, Kids 'R' Kids Learning Academies is on track to open new schools in Tampa and Orlando, Fla.; Buford, Ga.; Carry, Ill.; Princeton and Montville, N.J., as well as Fort Worth and Dallas, Texas. To drive additional franchise development, the company is seeking qualified franchisees to open 15 to 20 schools in cities, including Atlanta, Dallas, Houston, Denver, Orlando, and Las Vegas; as well as communities in New Jersey, Virginia and the Capital Region of Maryland. For international development, the company is targeting select markets across South America, United Arab Emirates, Australia, Colombia and India.

Veteran Incentives  10% off franchise fee
"Entrepreneur
#109 in Franchise 500 for 2020.
#243 in Franchise 500 for 2021.






About Idea Lab Kids

Idea Lab Kids is an enrichment center dedicated to providing the most innovative S.T.E.A.M education in the form of afterschool camps, classes and birthday parties.
Our unique business model allows for two revenue generating sources:
Onsite- Mobile camps and classes
Offsite- Physical Facility offering in house afterschool camps and weekend birthday parties
Note- Physical location is not required until 12-18 months in order to allow sufficient ramp up.

Idea Lab Kids engages K-8 students in supplemental Science, Technology, Engineering, and Math (S.T.E.A.M) education - giving them real academic advantage in school in addition to the skills and motivation they need to prepare them for 21st century jobs.

IDEA Lab Kids is a unique kids franchise opportunity that allows our franchisee business partners to build a financially viable business by providing multiple revenue streams. We are seeking to partner with driven professionals and investors who have a passion for building a profitable business while also making a positive impact in their community by providing S.T.E.A.M Education.

A background in childcare or education and a passion to educate kids is desirable to succeed as an IDEA Lab Kids franchisee.  In the children's franchise industry, franchise owners today come from diverse backgrounds and have a common goal of making a difference in early childhood education and achieving financial success.
 
 Our franchisee business partners will have the option of taking an active role in the business as the full-time General Manager or choose to hire a full-time Program Coordinator and serve as a consultant.
Veteran Incentives  5% off franchise fee
#316 in Franchise 500 for 2021.   Not in Franchise 500 for 2020.